It may be November before the U.S. Congress completes the new $500 billion U.S. farm bill as lawmakers cannot agree on how much to cut support to farmers or food stamps for the poor. “We’re stuck at the moment,” said …
Speaking at a recent conference, brokerage Arthur J. Gallagher’s CEO J. Patrick Gallagher described how different today’s commercial insurance rate environment feels, even to an industry veteran like himself. And he said this cycle is much better for insurance clients. …
Swiss Re’s sigma report analyzing the effect on the insurance industry of the continuing low interest rates doesn’t paint a pretty picture. They have been at historic lows for several years. For instance the nominal yield on a 10-year U.S. …
Certificates of Insurance, Part 2.Last week’s blog covered the reason certificates cause so many E&O mistakes due to processing errors. This week’s blog covers the second reason certificates of insurance create so many E&O errors. That reason is agencies are …
An assessment won’t be finalized until all harvests are complete, but it appears that an estimated $100 million in losses to Louisiana’s row crop industry resulted from Hurricane Isaac, state agriculture officials say. That represents about 3 percent of the …
Assurant’s solar group named Cindy Henry as the new director of Solar Underwriting and Account Management. Henry will be based in Fountain Valley, Calif. and support the company’s solar insurance business and report to Jeanne Schwartz, vice president of new …
Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), named Dan Lavinder as a sales account executive in its Portland, Ore. office. Lavinder is responsible for the production of new property and casualty business as well …
An American Express subsidiary is suing a Maryland man who was jailed for months in Aruba in the suspected death of his traveling companion. The subsidiary, AMEX Assurance Company, seeks to void a travel insurance policy that Gary Giordano, of …
Tough new global financial rules will nudge up credit costs, but the slight drag they will place on major economies is worth it to achieve a more stable financial system, the International Monetary Fund said on Tuesday. In a study …
International insurer Mapfre Assistance has agreed to provide travel insurance to all passengers of ASKY Airlines. The airline, with headquarters in Lomé (Togo), operates in Western and Central Africa and it has forecast that it will serve a half million …
